As organizations become more complex and risk management activities multiply, assurance functions have a significant opportunity to coordinate their often-fragmented work streams, simplify reporting and streamline oversight. “We identified about 10 control functions in this company and all of them claimed there was no overlap”.
Internal auditors have a role to play: let’s draw the map of the assurance activities across the organization that enables the board and other stakeholders to better exercise their oversight duties. Mapping is a simple approach that allows us to move from complexity to clarity.
Governeo can help you hold the pencil.